Security and Intelligence Services (India) (SIS), a Delhi-based security and business support services company with operations across India and Australia, has acquired the entire shareholding of Dusters Total Solutions Services.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”3″ ihc_mb_template=”2″ ]
Dusters is a Bangalore-based facility management service provider with more than 20,000 employees, international clients and a nationwide footprint in the facility management sector. A majority stake in Dusters was previously held by TVS Capital Growth Fund, which has now exited.
The acquisition will occur in two stages with the promoters of Dusters initially continuing to play a pivotal role in extending Dusters’ operations across India. With the acquisition of Dusters, SIS will consolidate its facility management division – through its Service Master Clean subsidiary – and extend its client base and operations across the country.
MD&T Partners were the lead lawyers on the transaction.
Brown Tree Consulting advised TVS Capital Growth Fund on its exit.
[/ihc-hide-content]
